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Trump rebuffed by judge in New York fraud suit, trial date set

November 23, 2022 by aandd24

(Reuters) — A New York judge has scheduled an October 2023 trial for former U.S. President Donald Trump, three of his adult children and the Trump Organization in a lawsuit brought by New York Attorney General Letitia James accusing them of fraudulently overvaluing the real estate company’s assets and Mr. Trump’s net worth. Justice Arthur Engoron of the state Supreme Court in Manhattan set the trial date during a contentious hearing …

Texas bill would allow bundling group health with work comp

November 23, 2022 by aandd24

Texas companies may soon be able to offer their employees a workers compensation plan with accident and health coverage on the same policy, potentially increasing the number of insured workers throughout the state. H.B. 351, filed Nov. 14, would allow workers compensation insurance companies to contract with their counterparts in accident and health insurance to …

Property/casualty combined ratio in Q3 deteriorates: S&P Global

November 23, 2022 by aandd24

The third-quarter combined ratio for the U.S. property/casualty insurance industry worsened to around 106.6% from 103.7% in the second quarter — its highest level since 2017, Standard & Poor’s Global Market Intelligence said in a report Tuesday. The deterioration in the industry’s key measure of profitability came as personal lines insurers felt the brunt of …

FintechOS powers Admiral’s digital pet insurance product

November 23, 2022 by aandd24

FintechOS platform simplifies third-party integrations and enables data-driven personalization London, 28 September 2022 – FintechOS, the global leader in high-productivity fintech infrastructure (HPFI), today announced that the FintechOS platform is powering top UK insurance provider Admiral’s new digital pet insurance product. The FintechOS platform – with its composable core blocks, low code/no code …

SBI General offers group health insurance for individuals with Down syndrome

November 13, 2022November 8, 2022 by aandd24

SBI General Insurance, one of India’s leading general insurance companies, has issued a group health policy to an NGO that covers individuals with Down syndrome. SBI General has issued a group health policy to Nutan Gulgule Foundation, for individuals with Down syndrome, providing them with security against common medical ailments requiring hospitalization. This policy …

Hanover unit must pay at least $148 million to software firm

November 8, 2022 by aandd24

A federal district court in St. Paul, Minnesota, has ruled that a Hanover Insurance Group Inc. unit must pay at least $148 million under a cyber business interruption and extra expense clause in its policy to a software company that fell victim to a scam. In December 2019, an unknown bad actor gained access to …

CDC releases new opioid prescribing guidelines

November 8, 2022 by aandd24

The U.S. Centers for Disease Control on Friday released its revised guidelines for opioid prescribing with new recommendations for providers that emphasize greater communication with patients and that opioids should not be on the front line for managing pain. The last time the CDC released opioid guidelines was in 2016, of which triggered what many …

BRP revenue jumps 91% in Q3

November 8, 2022 by aandd24

BRP Group Inc., the parent company of broker Baldwin Risk Partners LLC, reported third-quarter 2022 organic revenue growth of 28% and revenue for the quarter of $259.4 million, up 91% from third-quarter 2021. Losses increased, however, 89.9% to $46.7 million from third-quarter 2021. Commissions, employee compensation and benefits rose 95.8% to $195.9 million while total …

Bima Sugam to be a game changer for the insurance sector: IRDAI chairman

October 30, 2022 by aandd24

The insurance industry’s regulator, IRDAI, is working on Bima Sugam, a one-stop shop for policy sales, renewals, and claims settlements. Bima Sugam will change the insurance industry forever. By making it easy for customers all over the country to get insurance, this tech-driven portal will help increase insurance penetration in the country. Insurance Regulatory and …

Kroger grocery chain to settle religious bias suit over apron

October 30, 2022 by aandd24

The Kroger supermarket chain will pay $180,000 to settle a religious discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission for allegedly firing two employees who refused on religious grounds to wear an apron they believed supported gay rights. The agency said in a statement Thursday that the Kroger Limited Partnership I, a subsidiary …